Idemitsu Kosan

Idemitsu Kosan

Community score

-2.58 -55
Industry: Oil & Gas - Refining & Marketing
Listing country: Japan
Year added: 2018

Founded in 1911, the multinational corporation headquartered in Tokyo, Japan, has carved a niche in various business segments. The most prominent of these include petroleum refining and marketing, basic chemicals, functional materials, power & renewable energy, and resource development. The company's most esteemed brands, APOLLO, IDENOL, and IDEMITSU, embody its dedication to quality and innovation in its offerings. With a significant footprint in its home country, the Japanese market remains central to its operations. However, the corporation extends its reach globally, with notable business activities conducted in countries such as Vietnam, Thailand, China, and Norway, the latter particularly in oil exploration ventures. Australia also features prominently in the company's international portfolio, especially concerning the coal sector and advancements in renewable energy. (Powered by AI)

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Idemitsu Kosan

Mining removes topsoil, which hinders vegetation growth in the future1. Even rehabilitated areas can take about 70 years to restore climax species and composition2. Mine closures often lead to water pollution with heavy metals, rendering soil infe...

Rams R. March 7th, 2024
18 ratings
Idemitsu Kosan

Around 2.3 million (Mn) workers worldwide suffer work-related fatalities yearly, corresponding to over 6,000 work-related deaths every day1. The oil and gas industry is one of the most dangerous industries due to powerful equipment, flammable chem...

User profile picture Qamar Q. November 29th, 2023
18 ratings
Idemitsu Kosan

To ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1.  Corporate taxes accounted fo...

User profile picture Abdulmajeed V. November 13th, 2023
12 ratings
Idemitsu Kosan

Around 3.3 billion people are employed globally as of 20221.  Job creation stimulates economic growth by increasing consumer spending2. It also reduces poverty by providing social protection for workers and their families, offers prospects for per...

User profile picture Abdulmajeed V. August 30th, 2023
20 ratings
Idemitsu Kosan

Each year, the world generates around 2 billion (Bn) tonnes (t) of waste, estimated to increase by 70% and reach 3.4 Bn t by 20501. Out of the total waste produced globally, 37% is sent to landfills, 19% is recycled, and 11% is incinerated1. Poor ...

Feyisayo Favour F. July 30th, 2023
18 ratings
Idemitsu Kosan

In 2021, 390.7 million (Mn) metric tonnes (t) of plastics were produced globally1. By 2050, global primary plastic production is projected to reach 1,100 Mnt2. Moreover, almost 98% of products made of single-use plastic (SUP) come from "virgin" fe...

Aroob A. November 30th, 2023
16 ratings
Idemitsu Kosan

The world consumes about 4.3 trillion m3 of water each year1. Globally, about 31% of the population lives in water-scarce areas, accounting for about 2.3 billion people2. The demand for freshwater is expected to increase to around 55% by 20501. Th...

User profile picture Ardit N. April 6th, 2022
22 ratings
Idemitsu Kosan

GHGs trap the sun's heat and cause a rise in temperature and sea level, extreme weather conditions, and climate change1. In 2020, global GHG emissions amounted to 52.4B t of CO2e2. Industries need to develop carbon-free systems to meet the Paris A...

User profile picture Ardit N. March 10th, 2022
24 ratings
Idemitsu Kosan

Fossil fuels such as coal, oil, and natural gas supply about 80% of the world's energy1. Electricity or gas is needed at homes, offices, industries, etc. for various purposes such as lighting, cooking etc2;pii-165. Mobility of people and cargo thr...

Bayonle B. August 7th, 2024
12 ratings
Idemitsu Kosan

Diversity and inclusion in the workforce lead to benefits both for people and companies, with people achieving greater empowerment1. Roughly 650 million people, or 10% of the global population, have some degree of disability2, with global employme...

Philip B. July 1st, 2021
18 ratings

Most negative / positive SDG

+4.42
-3.98